Bitcoin Now Part of Cardano’s DeFi Ecosystem: Charles Hoskinson Introduces Cardinal Protocol

Cardano, the 10th largest cryptocurrency platform, has taken a significant leap forward in decentralized finance (DeFi). Founder Charles Hoskinson launched the Cardinal Protocol, the first DeFi solution on Cardano that utilizes Bitcoin. For the first time, users can leverage Bitcoin’s potential for lending, staking, and more without relying on third-party custodians. The news has sparked a surge in activity, pushing Cardano’s 24-hour trading volume to $500 million, while increasing market interest due to its inclusion in the Nasdaq crypto index.